Regular Assessment definition

Regular Assessment means the recurring periodic Assessment for each Owner's share of the Common Expense.

Regular Assessment means an assessment, a charge, a fee, or dues that each owner of property within a residential subdivision is required to pay to the property owners' association on a regular basis and that is designated for use by the property owners' association for the benefit of the residential subdivision as provided by the restrictions.

Regular Assessment means an assessment, charge, fee, or dues that each owner of property within a subdivision is required to pay to the property owners’ association on a regular basis and that are to be used by the association for the benefit of the subdivision in accordance with the original, extended, added, or modified restrictions.

Examples of Regular Assessment in a sentence

• The cost of utilities and services related to the common areas will be the responsibility of the Cooperative but will be charged to the Members through the Regular Assessment.

• If the Member accepts occupancy on a date that is not the first of the month, the first Regular Assessment shall be prorated starting on the date after the expiration of the first thirty (30) days through the end of the first month.

• The first payment will be for a full monthly Regular Assessment, assuming a thirty (30) day month, starting on the date the Member accepts occupancy as determined by the date set forth in the first paragraph of this Occupancy Agreement.

• Thereafter, the Member shall pay their Regular Assessment as specified in Section 2.1, on or before the first day of each month.

• The Member shall make the first payment on their Regular Assessment out of escrow.

More Definitions of Regular Assessment

Regular Assessment means the assessment made under 7[sub-section (3) or sub-section (5) of section 16];]

Regular Assessment means the portion of the cost of maintaining, improving, repairing, managing, and operating the Common Area and all Improvements located thereon, and the other costs of an Association which is to be levied against the Property of and paid by each Owner to the Association, pursuant to the terms of this Declaration or a Supplemental Declaration.

Regular Assessment means and refer to a charge against each Lot representing that portion of the Common Expenses attributable to such Lot, including all fees, charges, late charges, attorney fees, fines and interest arising from failure to pay when due the principal amount of such assessment.

Regular Assessment means the recurring periodic Assessment for each

Regular Assessment means the regular assessment applicable to the Co- owners as provided in Paragraph 13 of this Declaration and in the Bylaws.

Regular Assessment means the portion of the cost of maintaining, improving, repairing, managing and operating the Common Area, Restricted Area and the Maintenance Property,including all Improvements located thereon, and the other costs and expenses incurred to conduct the business and affairs of the Association which is levied against the Lot of each Owner by the Association, pursuant to the terms of this Declaration.

Regular Assessment means those Assessments based on the adopted budget of the Foundation and payable quarterly in advance on the first day of each January, April, July, and October of each year, as further described in Section 9.3 and elsewhere in the Founding Documents.